Thomson Reuters New York shares cross critical 50-day moving average

Friday 3 September 2010

Thomson Reuters shares traded in New York have crossed above the critical 50-day moving average of $36.51.

The location of a stock price when analyzed against the moving average can aid in predicting future short term momentum, the website Market Intellisearch reported. Trading activity for the shares may indicate that TRI may head higher assuming that the moving average continues upward direction. The volume of shares exchanging hands is less than average daily volume of 1,236,350 of shares.

Other relevant figures to examine are the support and resistance levels for TRI. Thomson Reuters settled at $36.61 $0.61 (+1.69%), based on the pivot points, the current support and resistance levels are $36.15 and $36.99 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa. ■

A Staff Benevolent and Welfare Fund (later renamed Reuters Centenary Fund) was established on 7 March 1951 with a transfer from the Pension Fund Reserve and a supplementary grant authorised by the board to mark the company’s centenary celebrations. Its purpose is to deal with special cases of hardship affecting staff members and pensioners and their dependents.